Commercial Financing
Commercial Financing Comparison
Commercial Purchase | Commercial Red Carpet Lease | CommerciaLease | |
Financing Type | Traditional Buy | Closed-end lease | Open-end lease |
Features | Full Amortized loan Sell or trade anytime No early payoff charges Ownership after loan balance paid | Lessee is not responsible for residual Good for predictable-use vehicles Various kilometrage options Lessee is responsible for excess wear and tear charges Upfit vehicles not eligible | Lessee is responsible for residual value Accomodates upfit vehicles Upfits can be residualized No kilometrage restrictions No wear or tear lease-end charges Various terms and residuals available |
Eligible Vehicles | New, Certified Pre-Owned, or Used Upfit vehicles | New | New, Certified Pre-Owned, or Used Upfit vehicles |
Terms | 24-72 months | 24-48 months | 12-72 months |